BESI a “gateway” to the Chinese markets … – Express

BESI a "gateway" to the Chinese markets … – Express

In an email, in English, sent to employees of Banco Espírito Santo Investment and the Express had access, Jose Maria Ricciardi, President of BESI informs, in his name and the Executive Committee, the New Bank made the sale and purchase agreement with Haitong International, founded in 1988 and headquartered in Shanghai, on the BESI.

The acquisition of 100% of the share capital of BESI is the first held by a Chinese investment bank and securities – “the second largest in the country” – a database of European investment, underlines the letter

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Haitong International has offices in Shanghai, Hong Kong, Tokyo and Singapore. It has more than 8000 employees and total assets in excess of 45 billion dollars. This is a company listed in Shanghai and Hong Kong exchanges, with a market capitalization of about $ 30 billion.

“BESI will maintain its focus on capital markets, securities and investment banking” says Ricciardi in the letter.

The “logic” of the transaction: “generate strong synergies and first line” to “combine market knowledge BESI and its multi-regional expansion with the critical mass of Haitong in the Far East. ” BESI has the value of “complementarity”, for “being the gateway to growth in markets with strategic links economic” to China and the Far East, particularly in Europe, Latin America, Africa and India. “

“BESI will help connect companies and Chinese investors and the Asian developed markets and a number of emerging markets where it has a local presence, “said the letter. The two entities will” offer its customers a single entry point to explore cross-border opportunities in the capital markets, securities and investment banking, benefiting from the financial flows between these regions. “

Jose Maria Ricciardi, leaving employees “a word of thanks for their dedication,” maintains that the “combination “with the Chinese group” will not only strengthen our capabilities, “and will be an” accelerator “for the ambitions of Haitong:” create an international investment bank with a global brand and a strong presence in both developed markets and in emerging “.

The administration of New Bank sent the CMVM on the morning of Monday the sale of all of BESI Haitong International to 379 million euros.

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